Demand Media Inc. (NASDAQ: DMD) saw shares fall nearly 8% to a new split-adjusted 52-week low of $8.99 Monday morning. The company completed a spin-off of its Rightside Group Ltd. last Monday and immediately enacted a 1-for-five reverse stock split of its outstanding and treasury shares of common stock. The stock continues to drift lower.
ChannelAdvisor Corp. (NYSE: ECOM) dropped about 3% on Monday to post a new 52-week low of $15.75. The 52-week high is $49.90. The company reported slightly better than expected earnings last week, but the top end of the full year revenue forecast is a bit below a consensus estimate and third quarter revenue guidance is just barely above the current estimate.
Noodles & Co. (NASDAQ: NDLS) traded down about 2.3% on Monday to post a new 52-week low of $26.26. Volume is about double the daily average of about 226,000 shares traded, and the 52-week high is $49.75. There was no news on the company today, but the recent IPO of El Pollo Loco Holdings Inc. (NASDAQ: LOCO) indicated where the restaurant business is strong and where it is not. After a burst of enthusiasm following the company’s July 2013 IPO, Noodles & Co. shares have been sinking fairly steadily since October.
TRI Pointe Homes Inc. (NYSE: TPH) dropped about 2% to post a new 52-week low of $12.90 in the mid-morning today. The stock climbed to a 52-week high of $20.29 in early January and is down 34% year-to-date. Short interest in the stock hit a peak of about 15.9 million at the end of June and fell by 38% in the next two weeks to around 9.8 million shares short.
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